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Partnership Business - Assignment

   

Added on  2020-10-22

8 Pages2078 Words227 Views
CASE STUDY

Table of ContentsINTRODUCTION................................................................................................................................3MAIN BODY.......................................................................................................................................31.Partnership as a business type in reference to Frank Jones and Peddy Jacksons .......................32.Porters five forces in reference to Fra-Pas yoghurt......................................................................43.Macro environmental factors........................................................................................................5CONCLUSION....................................................................................................................................6REFERENCES.....................................................................................................................................7

EXECUTIVE SUMMARYThis case study is based on a case study given on two partners named, Frank Jones and peddy Jacksons who started their partnership business. It is specifically on their experience in hospitality industry. It has thereby assessed the type of business which is partnership in nature. In the second part explained about porters five forces model and third part will be base on external factors and affect of them on the industry.INTRODUCTIONThere are different types of organisations which exist with their own different legal structure andthese companies are in form of public, private and voluntary. Partnership define as when two ormore people start a business together it is called partnership and the firm will be called partnershipfirm. Frozen Yoghurt is under private company and it is a shop which provides dairy products likeice-cream. Frank Jones and Peddy Jacksons started this shop in partnership. This file will includepartnership in reference to this shop and linked this shop with porters five force model. This filewill consider macro factors and their effect the business.MAIN BODY1.Partnership as a business type in reference to Frank Jones and Peddy Jacksons Frank Jones and peddy Jacksons started a partnership business. They opened a shop namedwith Frozen Yoghurt an ice-cream parlour. A partnership is a business in which two or more personscooperate with each other to run the business and the business is called partnershipbusiness(Charan, 2017). Partnership has many types like general partisanship, limited partnershipand limited liability partnership. In general partnership any individual who is making partnershipfor the business, is responsible for everything. They all persons who are in the partnership havesame responsibilities and liabilities regarding the business and share equal rights to take anydecision for the business. Other one is limited partnership in which a person add in partnershipbusiness for a short time and they have their own liability and in this partnership someone is takinggeneral partnership. but limited time partners not able to take decision about the business and theirlegal actions.Frank Jones and Peddy Jacksons open a business named with Fra-Pa's Yoghurt Shop. It is apartnership shop which provides dairy items and ice cream named with Frozen yoghurt. It existednear the shopping mall so they earn more profit and there are many shops regarding the food and

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